0136 GMT - Citi turns bullish on Amcor following a recent selloff. The packaging company's Australian shares tumbled by 9.3% in December. "We see shares trading near trough levels," at roughly 9x Ebitda, Citi analysts Anthony Pettinari and Samuel Seow say in a note. Citi's target on the stock rises to A$19.00 from A$17.00. Amcor is up 1.8% at A$15.23. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
January 06, 2025 20:36 ET (01:36 GMT)
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